Social Security “surplus” eyed for accounts
The Washington Times is reporting:
Key Republicans, aiming to refocus the Social Security debateand unite their party, will introduce a new bill this week to createpersonal retirement accounts by using surplus Social Security funds thegovernment currently spends on other programs.
“No one seems to be agreeing on how to fix Social Security inthe long run, but they do agree that we should stop spending the SocialSecurity surplus” on other programs, said Sen. Jim DeMint, SouthCarolina Republican, who plans to introduce the bill early this weekwith Republican Sens. Rick Santorum of Pennsylvania and Lindsey Grahamof South Carolina.
“This bill is just designed to save the surplus. … I think it’s a way to move the debate forward,” Mr. DeMint said.